EUR/USD

The Euro ticks higher after finding temporary ground at 1.2700 zone, also channel support, but lacking momentum for break above initial 1.2800 barrier, as 4h 20 day EMA limits gains at 1.2780 zone for now. Slight improvement seen on hourly studies, requires clearance of 1.2800 and 200 day MA at 1.2820, to signal recovery and possible extension towards important 1.2880/1.2900 barriers. Otherwise, 1.2700 zone would stay at risk, as break here to signal resumption of broader bear-trend and expose 1.2644, 90 day MA and 1.2606, 50% retracement of 1.2042/1.3170 rally.

Res: 1.2787, 1.2800, 1.2820, 1.2856
Sup: 1.2732, 1.2716, 1.2700, 1.2644

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GBP/USD

The pair trades in a consolidative sideways mode, above yesterday’s fresh low at 1.5928, with brief break above initial 1.6000 resistance, being unable to hold gains. Hourly studies maintain neutral tone, while more bearish outlook is seen on 4h char, as indicators are in the negative territory and descending 55 day EMA caps at 1.6020 for now. However, formation of diamond pattern on 4h chart, may be a signal for reversal, with lift above 1.6020/40 barriers, required to accelerate gains. Otherwise, more risk would be seen towards the key supports at 1.5900 zone, below which to trigger stronger reversal of 1.5267/1.6308 ascend and open 1.5847, 200 day MA.

Res: 1.6000, 1.6020, 1.6040, 1.6066
Sup: 1.5968, 1.5928, 1.5911, 1.5900

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USD/JPY

The pair remains at the back foot, as loss of 79.80 support triggered fresh weakness that fully retraced 79.27/80.67 and reversed 50% of larger 77.94/80.67 ascend. With negative tone dominating on lower timeframes studies, more risk could be seen at the downside, as clear break below 79.27, would open 79.00, round figure / Fib 61.8%. Bearish 20/55 day EMA’s crossover at 80.00, increases the pressure and only sustained break here would provide relief.

Res: 79.75, 80.00, 80.43, 80.55
Sup: 79.27, 79.12, 79.00, 78.60

usdjpy


USD/CHF

The pair consolidates yesterday’s gains that approached our initial target at 0.9500. As overall bullish structure remains intact for now and corrective dips being contained above important 0.9400 support, near-term focus remains at the upside. Clearance of psychological 0.9500 barrier, also Fib 38.2% of 0.9970/0.9213, to open 0.9534, 90 day MA. Conversely, break below 0.9400, also 200 day MA, would risk fresh weakness.

Res: 0.9467, 0.9481, 0.9500, 0.9534
Sup: 0.9436, 0.9427, 0.9400, 0.9380

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